American Century Companies Inc. Raises Stake in Seritage Growth Properties (NYSE:SRG)

American Century Companies Inc. boosted its position in Seritage Growth Properties (NYSE:SRG) by 11.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,468 shares of the financial services provider’s stock after buying an additional 5,519 shares during the quarter. American Century Companies Inc. owned approximately 0.10% of Seritage Growth Properties worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of SRG. Harbor Capital Advisors Inc. boosted its stake in Seritage Growth Properties by 183.3% in the second quarter. Harbor Capital Advisors Inc. now owns 117,785 shares of the financial services provider’s stock worth $550,000 after buying an additional 76,213 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in Seritage Growth Properties by 10.0% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 752,840 shares of the financial services provider’s stock valued at $7,265,000 after purchasing an additional 68,309 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Seritage Growth Properties by 1.0% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 4,839,080 shares of the financial services provider’s stock valued at $45,245,000 after purchasing an additional 47,740 shares during the last quarter. Gabelli Funds LLC lifted its position in Seritage Growth Properties by 6.1% in the first quarter. Gabelli Funds LLC now owns 799,644 shares of the financial services provider’s stock valued at $7,717,000 after purchasing an additional 45,708 shares during the last quarter. Finally, Corsair Capital Management L.P. bought a new stake in Seritage Growth Properties in the fourth quarter valued at approximately $280,000. Hedge funds and other institutional investors own 78.93% of the company’s stock.

Seritage Growth Properties Stock Performance

Shares of SRG stock opened at $4.63 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 7.95 and a current ratio of 7.95. Seritage Growth Properties has a fifty-two week low of $3.63 and a fifty-two week high of $9.87. The stock has a 50 day moving average price of $4.55 and a two-hundred day moving average price of $6.10. The company has a market capitalization of $260.50 million, a P/E ratio of -2.22 and a beta of 2.57.

Seritage Growth Properties (NYSE:SRG) last announced its quarterly earnings data on Wednesday, August 14th. The financial services provider reported ($0.28) earnings per share for the quarter. The company had revenue of $4.22 million during the quarter. Seritage Growth Properties had a negative net margin of 485.15% and a negative return on equity of 5.89%.

Seritage Growth Properties Company Profile

Seritage is principally engaged in the ownership, development, redevelopment, management and leasing of retail and mixed-use properties throughout the United States. As of September 30, 2023, the Company's portfolio consisted of interests in 42 properties comprised of approximately 5.6 million square feet of gross leasable area ("GLA") or build-to-suit leased area, approximately 126 acres held for or under development and approximately 2.9 million square feet or approximately 259 acres to be disposed of.